Add us as your preferred source on Google to see more of our content in Search.
Add to Preferred Sources📅 25 June 2024
London, United Kingdom
Coinciding with London Climate Action Week 2024, British Expertise is presents a series of events alongside a photography exhibition, showcasing BEI members’ thought leadership and projects in climate change mitigation and adaptation in LMICs.
According to the United Nations, developing countries require nearly US $6 trillion by 2030 to implement their plans to cut emissions and adapt to climate impacts. Left most vulnerable to the impact of climate change, these countries cannot meet this need without private sector investment.
An urgent step-change in private investment for sustainable development in emerging markets and developing economies (EMDEs) is needed and is spurring increasing calls for DFIs and MDBs to implement reforms that can boost private capital mobilization.
Implementing these reforms will require innovative financing mechanisms, including unlocking the potential of public and private markets to mobilize the vast amounts of capital they mediate toward sustainable development. Realizing this potential will require partnerships between the development, investment, and government communities.
The event hosts the Foreign Commonwealth and Development Office’s (FCDO) MOBILIST Programme and USAID’s Climate Finance for Development Accelerator (CFDA) to discuss public markets, the importance of partnerships, and other innovative solutions to mobilizing private investment toward addressing climate change.